Grey Market or Grey Sheet Q & A

[elbiatcho1]

Market Cap is simply price per share multiplied by the number of outstanding shares, so yes there is a huge loss in the market cap after a SEC suspension.

Where does the money go to? Goes to whomever sells their shares.
The threat of having stock go to grey market (if it hasn't already after suspension) is worrisome for investors, so they usually sell asap. Trading stock on grey sheets is extremely difficult and illiquid.

Is this how the SEC gets paid?

Are you looking for a conspiracy theory?